The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 4.11 percent of all loans outstanding at the first quarter’s close, the Mortgage Bankers Association’s National Delinquency Survey reported.
MBA: Mortgage Delinquencies Decrease in First Quarter
“The mortgage delinquency rate dropped for the seventh consecutive quarter, reaching its lowest level since the fourth quarter of 2019. The decrease in delinquency rates was apparent across all loan types, and especially for FHA loans." --Marina Walsh, CMB, MBA Vice President of Industry Analysis.
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